Point Blank Enterprises And Protective Products Enterprises Complete Merger
Combined Companies Operating As Point Blank Enterprises
POMPANO BEACH, Fla., May 3, 2012 /PRNewswire/ -- Point Blank Enterprises, Inc., the worldwide leader in the production of soft body armor and related protective solutions, today announced that it has finalized its merger with Protective Products Enterprises, LLC. Both companies are owned by affiliates of Sun Capital Partners, a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies.
Point Blank Enterprises, Inc. has become the parent company and is now the operating owner of well-known and trusted global brands, including Point Blank Body Armor, PACA Body Armor, Protective Products and Paraclete. The Company will produce ballistics and soft armor designs, both concealable and tactical, at its manufacturing facilities in Pompano Beach, Fla., and Sunrise, Fla.
The Company also disclosed today that it has obtained new financing from Wells Fargo Bank, N.A., with the funds to be used for general working purposes and to drive innovation in new designs for the Company's end markets.
"For the past six months, we have been working diligently to integrate all aspects of our businesses – including sales and marketing, manufacturing, R&D, finance, and IT – to better serve our global customers," said Jim Henderson, Chief Executive Officer of Point Blank Enterprises, Inc. "We've made significant inroads and much of the integration is completed. We continue to win new awards, both domestically and abroad, and the changes we're implementing now will allow us to further shorten our industry-leading delivery times, while continuing to provide our customers with the industry's best and safest products. We look forward to building upon the heritage of Point Blank, PACA, Protective Products and Paraclete for years to come."
About Point Blank Enterprises, Inc.
Point Blank Enterprises, Inc. ("PBEI") is a leading provider of high performance protective solutions, including bullet, fragmentation and stab resistant apparel and related accessories. Through its key brands, Point Blank Body Armor, Protective Apparel Corporation of America (PACA), Protective Products and Paraclete, the Company ranks as the largest global supplier of ballistic and soft armor systems in the world. The Company's ballistic solutions have been credited with saving countless lives for the most important customers in the world, including the U.S. Armed Forces, Department of Defense, Federal Government and law enforcement, corrections and security personnel, both domestically and abroad. For more information on our Company, please visit our website at www.pointblankenterprises.com.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in companies that can benefit from its in–house operating professionals and experience. Sun Capital affiliates have invested in more than 300 companies worldwide with combined sales in excess of $45 billion since Sun Capital's inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen. For more information, please visit www.SunCapPart.com.
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